Welcome to our dedicated page for Liberty All-Star Growth news (Ticker: ASG), a resource for investors and traders seeking the latest updates and insights on Liberty All-Star Growth stock.
Overview
Liberty All-Star Growth Fund Inc (symbol: ASG) is a United States based diversified, closed-end investment company that employs diversified investment strategies and a multi-cap growth approach. The company is designed to seek long-term capital appreciation by investing in a broad portfolio of equity securities covering industries such as consumer discretionary, consumer staples, healthcare, industrial, and information technology, among others.
Business Model and Investment Strategy
The Fund’s core investment approach is structured around a segmented management model, leveraging the expertise of three distinct growth style investment managers. This tri-fold strategy targets small-, mid-, and large-cap stocks, allowing the fund to benefit from varied market segments and capitalize on specific growth opportunities as they arise. The Fund’s portfolio is actively managed by an experienced investment advisor who continuously monitors and adjusts holdings based on evolving market conditions, ensuring that the diversity of assets helps mitigate risks while striving for capital appreciation.
Operational Structure
Operating as a closed-end fund, Liberty All-Star Growth Fund Inc trades on public exchanges. This structure means that while the net asset value (NAV) reflects the market value of its underlying investments, the Fund’s market price can fluctuate independently, trading either at a premium or discount. This dual valuation dynamic adds a layer of complexity to understanding its performance and risk profile. The Fund distributes investor returns from sources that include ordinary dividends, long-term capital gains, and return of capital, underlining its commitment to leveraging diversified revenue streams within the equity investment space.
Market Position and Competitive Landscape
Positioned amidst a competitive landscape of asset management and closed-end funds, Liberty All-Star Growth Fund distinguishes itself through its rigorous multi-cap investment model and diversified sector exposure. The Fund’s active oversight and integration of different investment approaches reflect a balanced strategy that aims to harness opportunities in various market cycles. By allocating investments across multiple industries, the Fund not only spreads risk but also positions itself to capture growth across economic sectors, a pivotal aspect that drives its long-term capital appreciation objective.
Investment Approach and Industry Insights
The Fund’s strategy is anchored in analytical rigor and a deep understanding of market mechanics. Investment decisions are made based on detailed evaluations of trends within consumer behavior, technological advances, and industrial innovation, ensuring that each sector exposure is justified by sound financial analysis and strategic insight. The approach emphasizes quality in stock selection, rigorous risk management, and the continuous rebalancing of the portfolio. Furthermore, the structure and management experience evident in this closed-end fund enhance its credibility and appeal among investors looking for detailed insight into an alternative investment vehicle.
Key Features
- Diversified Portfolio: Investments spread across multiple industries, reducing sector-specific risk.
- Multi-Cap Strategy: Incorporates small-, mid-, and large-cap growth managers to cover various market segments.
- Active Management: Continuous monitoring and rebalancing by an experienced investment advisory team.
- Closed-End Structure: Trades publicly, with market price dynamics that reflect both premiums and discounts to NAV.
- Risk Mitigation: Diversification through various revenue streams, from dividends to capital gains.
Investor Questions Answered
The comprehensive approach of Liberty All-Star Growth Fund Inc serves not only to appreciate capital over time but also provides a transparent model that responds to investor queries about asset allocation, risk management, and the underlying factors driving diversified investment returns. This detailed structure and clear delineation between investment segments help demystify the complexities associated with closed-end funds, making it accessible to investors seeking in-depth information on how diversified equity portfolios are managed within broader market contexts.
Liberty All-Star Growth Fund (NYSE: ASG) has released its February 2025 monthly update. The fund employs a unique all-cap growth strategy combining three distinct investment managers focusing on different market capitalizations: Weatherbie Capital (small-cap), Congress Asset Management (mid-cap), and Westfield Capital Management (large-cap).
The fund reported several portfolio changes in February 2025, including six new holdings: Axon Enterprise, Camtek, Datadog, RadNet, Sterling Infrastructure, and Stride. Additionally, six positions were liquidated: Block, CECO Environmental, Regal Rexnord, Savers Value Village, Valvoline, and Watts Water Technologies.
The fund's performance includes total returns net of management fees and expenses, with distributions that may include ordinary dividends, long-term capital gains, and return of capital. The final tax characterization of 2025 distributions will be determined after year-end.
Liberty All-Star Growth Fund (NYSE: ASG) has released its January 2025 monthly update. The fund combines three growth style investment managers focusing on small-, mid-, and large-cap investments. The fund's top holdings include Amazon.com (3.2%), NVIDIA (3.2%), Alphabet (2.7%), and Apple (2.7%), with the top 20 holdings representing 39.0% of the equity portfolio.
Performance metrics show the fund's NAV increased from $6.10 to $6.19, while the market price rose from $5.65 to $5.70, maintaining a discount of -7.9%. Monthly performance was 3.61% for NAV and 3.01% for market price. The fund distributed $0.12 per share on January 24th. Total net assets stood at $378.2 million, with 100.8% invested in equities.
The portfolio is primarily allocated to Information Technology (28.8%), Industrials (17.2%), and Health Care (16.7%). New holdings include CyberArk Software and Trade Desk, while positions in Chipotle Mexican Grill and Take-Two Interactive were liquidated.
Liberty All-Star Growth Fund (NYSE: ASG) released its December 2024 monthly update, revealing a -3.94% NAV performance and -3.75% market price performance for the month. The fund's year-to-date performance showed gains of 15.53% (NAV) and 16.53% (market price).
The fund's total net assets were $372.4 million, with 97.7% invested in equities. The portfolio's top sector allocations were Information Technology (29.5%), Health Care (16.8%), and Industrials (16.8%). The fund's top holdings included NVIDIA (3.7%), Apple (3.2%), and Amazon (3.1%), with the top 20 holdings comprising 39.4% of the equity portfolio.
During December, the fund added Check Point Software Technologies and Lam Research while liquidating seven positions including Cadence Design Systems and SAP SE. The fund traded at a -7.4% discount to NAV at month-end.
Liberty All-Star Growth Fund (NYSE: ASG) has announced a quarterly distribution of $0.12 per share, payable on March 10, 2025, to shareholders of record on January 24, 2025. This aligns with the Fund's policy of distributing approximately 8% of its net asset value annually in four quarterly installments of 2%.
The distribution will be paid in newly issued shares, except for shareholders not participating in the Dividend Reinvestment Plan who elect cash payments. Shares will be issued at the lower of February 21, 2025 NAV or market value, but not below 95% of market value.
The Fund, managed by ALPS Advisors, Inc., is a closed-end investment company with over $371 million in net assets as of January 10, 2025. Trading on the NYSE under symbol ASG, the Fund operates in the secondary market rather than continuously issuing shares.
The Liberty All-Star Growth Fund (NYSE: ASG) released its November 2024 monthly update, showing strong performance with an 8.72% NAV increase and 7.73% market price growth for the month. The fund's year-to-date performance reached 20.25% for NAV and 21.05% for market price. The fund combines three investment managers focusing on small-, mid-, and large-cap growth stocks.
The fund's top holdings include major tech companies, with NVIDIA (3.9%), Apple (3.0%), and Amazon (2.9%) leading the portfolio. The fund's sector allocation is heavily weighted towards Information Technology (28.4%), followed by Industrials (17.6%) and Health Care (16.5%). Total net assets stood at $384.8 million with 99.7% invested in equities. The fund traded at a -7.6% discount to NAV at month-end.
The Liberty All-Star Growth Fund (NYSE: ASG) released its October 2024 monthly update. The fund, which combines three growth-style investment managers focusing on small-, mid-, and large-cap stocks, reported a -1.16% NAV performance and -0.89% market price performance for October. Year-to-date performance stands at 10.60% for NAV and 12.36% for market price.
The fund's top holdings include NVIDIA (4.0%), Apple (3.1%), and Microsoft (2.9%). The portfolio is primarily invested in Information Technology (29.3%), Health Care (17.4%), and Industrials (17.3%). Total net assets at month-end were $361.4 million, with 97.5% invested in equities.
Liberty All-Star Growth Fund (NYSE: ASG) has announced a $0.12 per share distribution payable on January 2, 2025, to shareholders of record on November 15, 2024. This aligns with their policy of distributing approximately 8% of net asset value annually in four quarterly installments. The distribution will be paid in newly issued shares, except for shareholders not participating in the Dividend Reinvestment Plan who elect cash payments. The Fund, with over $363 million in net assets as of November 1, 2024, trades on the NYSE and is managed by ALPS Advisors.
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has released its September 2024 Monthly Update. The fund combines three growth style investment managers focusing on small-, mid-, and large-cap stocks. As of September 30, 2024, the fund's net assets totaled $365.8 million, with 97.7% invested in equities.
The fund's top holdings include NVIDIA Corp. (3.6%), Apple, Inc. (3.2%), and Microsoft Corp. (3.0%). The sector breakdown shows a concentration in Information Technology (29.7%), Health Care (18.5%), and Industrials (17.2%).
For September, the fund's NAV performance was 1.17%, while its market price performance was 2.37%. Year-to-date, the NAV and market price performances were 11.90% and 13.37%, respectively. The fund's discount narrowed from -8.1% to -7.0% during the month.
The Liberty All-Star Growth Fund (NYSE: ASG) released its August 2024 Monthly Update. The fund, which combines three growth-style investment managers focusing on small-, mid-, and large-cap stocks, reported a 2.05% increase in Net Asset Value (NAV) and a 1.29% increase in market price for the month. Year-to-date performance showed gains of 10.60% for NAV and 10.75% for market price. The fund's total net assets at month-end were $361.2 million, with 98.3% invested in equities. The top three sector allocations were Information Technology (26.4%), Health Care (21.4%), and Industrials (16.5%). The fund's top holding was Amazon.com at 2.4% of the equity portfolio. New holdings added include Halozyme Therapeutics, MYR Group, and US Foods Holding Corp, while Darden Restaurants, Definitive Healthcare, and STERIS PLC were liquidated.
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its July 2024 Monthly Update. The fund, which combines three growth-style investment managers focusing on small-, mid-, and large-cap stocks, reported a net asset value (NAV) of $5.84 and a market price of $5.41 at month-end. The fund's performance for the month was 2.39% (NAV) and 3.56% (market price), with year-to-date performance at 8.35% and 9.31% respectively.
The fund's total net assets were $351.5 million, with 99.1% invested in equities. The top three sectors in the portfolio were Information Technology (26.6%), Health Care (21.6%), and Industrials (16.4%). The fund added four new holdings and liquidated four others during the month. A distribution of $0.12 per share was made on July 19th.
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